Smartest Thing You Can Do Is Dump Your Car

By Stephen Leahy

Uxbridge Cosmos, Feb 2013

Cars and trucks are extraordinarily expensive. The full cost of driving 100 km is between between $50 and $75 when fuel, wear and tear, insurance, depreciation, and repairs are included. The cost of owning and operating a car, van, SUV or truck ranges between $9,000 to $15,000 a year depending on the purchase price of the vehicle according to automobile clubs like the CAA . That’s a big chunk of aftertax income spent each and every year. Double this for two-car families.

If you pay $50 at the pump about $33 will go directly to oil companies. The gas station gets around a dollar and the rest is for provincial and federal taxes.

Finally ask yourself how many hours a day your vehicle isn’t being used? Most are parked 22 hours a day.

Why not give your car a day off once a week? A ‘No Car Day’ is easy to do, saves money and reduces emissions of climate-heating carbon dioxide (CO2). The average passenger vehicle emits around 4.8 tonnes of CO2 a year.

The biggest savings by far is to get rid of one vehicle. When you consider the full costs of ownership, the $9 000 to $15,000 saved will let you rent vehicles or taking taxi as needed with plenty of cash left over. For maximum savings use the bus or train. A bus from Uxbridge is only $10 to downtown Toronto — 75 km one way. Using your car that 75 km trip really costs $45 not including parking.

New study – drive less lose weight guaranteed: If drivers nationwide traveled 1 mile less by car each day, not only would fuel consumption fall, but annual health care costs could drop by billions of dollars as fewer people would be classified as obese or overweight, Jacobson estimates.